Question

Marigold Shop had an initial accounts receivable balance of $759,000 and an ending balance of $969,000. What was the net increase in receivables?

a. $210,000
b. $200,000
c. $219,000
d. $204,000

Answer 1

The net increase in Marigold Shop's accounts receivable is calculated by subtracting the initial balance from the ending balance, which results in a net increase of $210,000. option (A)

Step-by-step explanation:

The net increase in receivables for Marigold Shop is calculated by subtracting the initial accounts receivable balance from the ending balance. Thus, the net increase is $969,000 (ending balance) - $759,000 (initial balance) = $210,000.

The correct answer to the question is a. $210,000.